Statistics mcqs for NTS with answers from past papers of statistics related subjects test conducted by National Testing Services.
Statistics MCQs For NTS Test
Paasche’s Index number is ______?
A. ∑pnqo/∑poqo
B. ∑pnqo/∑pnqo x100
C. ∑pnqn/∑poqo
D. ∑pnqn/∑poqn x100
Which of the formula is used in chain indices: ____?
A. ∑pn/∑po x100
B. pn/po x100
C. pn/pn-1 x100
D. Both (a) and (b) but not (c)
The index number of base period is always ______?
A. 100
B. 200
C. The price of that year
D. None of these
The ratio of a new price to the base year price is called the ______?
A. Price decrease
B. Price absolute
C. Price increase
D. Price relative
A simple aggregate price index ____?
A. Ignores relative quantities
B. Compares relative quantities to relative prices
C. Compares absolute prices to absolute quantities
D. Compares relative quantities
The Laspeyres and Paasche index are examples of ________?
A. Aggregate index numbers
B. Weighted index numbers
C. Weighted price index only
D. Weighted quantity index only
The formula ∑poqn/∑poqo x100 is used to calculate _______?
A. The Laspeyres price index
B. The Paasche quantity index
C. The Laspeyres quantity index
D. The Paasche price index
A scaling factor is used to ______?
A. Change a simple index to a weight index
B. Convert the Paasche index to a Laspeyres index
C. Change the base year
D. change an aggregate index to a weighted index
All Index numbers are not suitable for all ______?
A. Kind
B. Chain relative
C. Purpose
D. Price
Consumer price Index Number also called ______ is designed to measure changes?
A. Cost Living Index number
B. Whole Sale Index number
C. weighted Index Number
D. Consumer Index Number
